Business

Indian stock market rises for 3rd consecutive day this week

Mumbai, Nov 12 – India’s main stock indexes finished higher on Wednesday, keeping the gains that started earlier this week. The Sensex ended at 84,466.51, up 595 points, while Nifty closed at 25,875.80, gaining 181 points.

The bulls were led by strong buying in technology, pharma and auto stocks. Companies like TCS, Infosys, Sun Pharma, Adani Ports and Bharti Airtel jumped mid‑session, pushing the Sensex to a fresh high of 84,652 before settling down a touch lower. In the Nifty, IT gained 2 % and auto rose 1.2 %, while banks and financial services also posted modest gains.

Investors were upbeat as global markets rallied after U.S. officials signaled the government shutdown would be resolved soon and as expectations grew that the Federal Reserve might begin cutting rates early. Analysts say that a cooling U.S. labour market and easing U.S. inflation are helping risk‑seeking investors return to stock markets.

Indian macro data also added support: consumer and wholesale price inflation are easing, GDP looks healthy, and earnings for the second half of FY26 are expected to be solid. “These fundamentals keep the market anxiety low, and bulls keep buying,” said Vinod Nair, head of research at Geojit Investments.

On the currency front, the rupee slipped just 6 paise to 88.62 against the U.S. dollar. It moved in a narrow band, trading between 88.40 and 88.85 as traders wait for next month’s U.S. CPI data. The dollar index stayed near $99.60, showing little direction yet.

In the smaller faces of the market, Nifty Smallcap 100 and Nifty Midcap 100 also rose, recording gains of 0.82 % and 0.79 % respectively. The broader Nifty 100 finished the day up 0.61 %.

Overall, the day’s picture is one of continued optimism, driven by solid sector performances and a supportive macro backdrop. With U.S. data on the horizon, market participants keep an eye on both global and domestic cues as they trade the Indian equity indices.



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Sheetal Kumar Nehra

Sheetal Kumar Nehra is a Software Developer and the editor of LatestNewsX.com, bringing over 17 years of experience in media and news content. He has a strong passion for designing websites, developing web applications, and publishing news articles on current… More »

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